Morgan Stanley Lowers Mid-America Apartment Communities (NYSE:MAA) Price Target to $164.00

Mid-America Apartment Communities (NYSE:MAA) had its target price lowered by equities research analysts at Morgan Stanley from $169.00 to $164.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the real estate investment trust’s stock. Morgan Stanley’s target price points to a potential upside of 25.31% from the company’s current price.

Several other brokerages have also issued reports on MAA. Scotiabank decreased their price target on shares of Mid-America Apartment Communities from $162.00 to $146.00 and set a “sector outperform” rating on the stock in a report on Tuesday, November 4th. UBS Group raised shares of Mid-America Apartment Communities from a “sell” rating to a “neutral” rating and reduced their price objective for the stock from $142.00 to $132.00 in a research note on Monday. Barclays lowered their target price on Mid-America Apartment Communities from $156.00 to $155.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 30th. BNP Paribas lowered Mid-America Apartment Communities from a “hold” rating to a “strong sell” rating in a research report on Monday, September 29th. Finally, Truist Financial lowered their price objective on Mid-America Apartment Communities from $158.00 to $146.00 and set a “buy” rating for the company in a research report on Monday. Eight research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Mid-America Apartment Communities presently has an average rating of “Hold” and an average target price of $156.22.

Mid-America Apartment Communities Stock Performance

MAA stock traded down $0.62 during trading hours on Thursday, hitting $130.88. 318,752 shares of the stock were exchanged, compared to its average volume of 904,229. Mid-America Apartment Communities has a 12 month low of $125.75 and a 12 month high of $173.38. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.83. The company has a 50-day simple moving average of $135.82 and a two-hundred day simple moving average of $145.37. The firm has a market capitalization of $15.32 billion, a P/E ratio of 27.74, a P/E/G ratio of 3.38 and a beta of 0.78.

Mid-America Apartment Communities (NYSE:MAA) last announced its earnings results on Wednesday, October 29th. The real estate investment trust reported $2.16 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.01). Mid-America Apartment Communities had a return on equity of 9.10% and a net margin of 25.23%.The business had revenue of $554.37 million for the quarter, compared to the consensus estimate of $557.22 million. During the same period in the prior year, the business posted $2.21 earnings per share. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. Mid-America Apartment Communities has set its FY 2025 guidance at 8.680-8.800 EPS. Q4 2025 guidance at 2.170-2.290 EPS. On average, analysts forecast that Mid-America Apartment Communities will post 8.84 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO H Eric Bolton, Jr. purchased 578 shares of the stock in a transaction on Friday, October 31st. The stock was purchased at an average price of $129.36 per share, with a total value of $74,770.08. Following the completion of the transaction, the chief executive officer owned 320,391 shares in the company, valued at approximately $41,445,779.76. The trade was a 0.18% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.30% of the company’s stock.

Institutional Trading of Mid-America Apartment Communities

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Y Intercept Hong Kong Ltd acquired a new stake in shares of Mid-America Apartment Communities in the second quarter valued at about $5,156,000. Nordea Investment Management AB grew its holdings in Mid-America Apartment Communities by 8.4% during the 2nd quarter. Nordea Investment Management AB now owns 10,161 shares of the real estate investment trust’s stock valued at $1,494,000 after purchasing an additional 790 shares in the last quarter. Wealthfront Advisers LLC increased its stake in Mid-America Apartment Communities by 41.3% during the 1st quarter. Wealthfront Advisers LLC now owns 19,507 shares of the real estate investment trust’s stock worth $3,269,000 after buying an additional 5,702 shares during the period. Fox Run Management L.L.C. acquired a new position in Mid-America Apartment Communities in the 1st quarter worth $526,000. Finally, Entropy Technologies LP acquired a new position in Mid-America Apartment Communities in the 1st quarter worth $2,007,000. Institutional investors and hedge funds own 93.60% of the company’s stock.

About Mid-America Apartment Communities

Mid-America Apartment Communities, Inc is a real estate investment trust, which engages in the operation, acquisition, and development of apartment communities. It operates through the Same Store and Non-Same Store segments. The Same Store Communities segment represents those apartment communities that have been owned and stabilized for at least 12 months as of the first day of the calendar year.